Global Partner Acquisition Corp II (NASDAQ:GPAC) Stock Short Interest Jumps 621.8%

Global Partner Acquisition Corp II (NASDAQ:GPAC) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 39,238 shares, an increase of 621.8% from the October 15th total of 5,436 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 66,540 shares, the short-interest ratio is presently 0.6 days.

Global Partner Acquisition Corp II Price Performance

Shares of Global Partner Acquisition Corp II stock remained flat at $10.12 during trading hours on Thursday. 857 shares of the stock were exchanged, compared to its average volume of 71,827. The business’s 50 day simple moving average is $10.10 and its 200 day simple moving average is $10.00. Global Partner Acquisition Corp II has a 12-month low of $9.86 and a 12-month high of $10.23.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Global Partner Acquisition Corp II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Global Partner Acquisition Corp II Company Profile

Global Partner Acquisition Corp II (NASDAQ: GPAC) was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, capital stock exchange, asset acquisition, or similar transaction. As a blank-check company, it did not have significant business operations, products, or services of its own before completing a business combination. The company entered into a business combination agreement with Stardust Power Inc., a developer of battery-grade lithium refining capacity in the United States.